We often talk about the resiliency of African entrepreneurs, and how the bizi founders refuse to give up when business gets difficult. Well… once upon a time, there was a $1.1 million annual revenue bizi whose revenues dropped to zero when a flood wiped out all of their farmers’ crops. I less resilient entrepreneur would have stepped away for good. Brigitha Faustin is not one to give...
Africa Eats, Elite Meat, and Ziweto all listed as public companies on the Stock Exchange of Mauritius nine months ago, today. How are are the companies doing? All three share prices are up: +15.6%, +10.3%, and +15.8%. There are 50 companies listed on the main board of this stock exchange. Sorted by market capitalization, the companies are smaller than average, ranking 33rd, 43rd, and 45th. Which...
Livestock Bank, a wholly-owned subsidiary of Paniel Meat Processing (PMP) has officially opened it’s new chicken hatchery, chicken houses, and chicken processing facility. The largest of its kind in Rwanda.
PMP is itself a wholly-owned subsidiary of Elite Meat, which Africa Eats helped to list on the Stock Exchange of Mauritius late last year.
African stock exchanges are notoriously illiquid. It is not uncommon on the Stock Exchange of Mauritius for 1/3rd of the companies to have no trades at all. Which is why Tuesday Markets was created, to create liquidity in African markets, starting with registering as a market maker for EATS, ELIT and ZWTO. And that effort is working. Below is an article from a Mauritian business magazine talking...
In terms of global population, Africa is by far the fastest growing region. 1.4 billion people today, expected to grow past 2 billion in next 20 years. Those huge numbers are hard to grasp. They boil down to 2.5 million more people living in Africa… each month. 2.5 million more people who need to eat… every day. 5 million every two months. 10 million every four months. 30 million more...
It took 14 months to list Africa Eats, Elite Meat, and Ziweto on the Stock Exchange of Mauritius. But now, when you walk into the stock exchange office, you can watch the live prices scrolling on the ticker.
On the todo list is to help bring more investors to this market so that there are fewer 0.00% changes each day.
Africa Eats shared the highlights of Q2 2025 on a Zoom call with shareholders, recorded below: 03:22 Annual Gathering07:50 Bizi growth stories09:42 Balance sheet13:40 Income statement18:00 Cashflow statement19:50 Share price23:55 Liquidity 31:46 Listing of TRUK Africa34:15 What is the AGRI ETF?39:47 Swapping continents41:05 Q&A See tuesday.africa/EATS for the latest share price, audited...
The first shipment of honey from Tanzania to be sold in the UK is on its way. Swahili Honey is the brand name, whose corporate name is Central Park Bees, as seen on the back of the bottle (below) above the name of the UK importer.
A video site visit of the Swahili Honey factory is Dodoma is below:
Africa Eats is now old enough to to benchmark our share price. We invest in young, fast-growing companies, so a good comparison would be the private equity (PE) and venture capital (VC) funds. But Africa Eats is now publicly listed (and liquid) and thus another good comparison is the public stock indecies. McKinsey recently published a report on “Global Private Markets” with returns...
Africa Eats management will share the highlights of 2024, the results of the Q1 2025 private placement, and details on the 2025 project with the Nairobi Securities Exchange on this upcoming earnings call, recorded in front of live audience at Africa Eats’ 2025 Annual Gathering in Nairobi, Kenya. The stream begins at 9:30am East Africa Time Aggregate revenues for the bizi grew in 2024 to...